To: GeorgefromGeorgia
The book that he read was “Free to Choose” — what a wonderful legacy Milton Friedman has. Nobody in American public life other than the presidents of the 20th Century did more to spread free market capitalism and improvement in the lives literally of billions than Milton Friedman.
5 posted on
09/09/2007 4:42:16 AM PDT by
ReleaseTheHounds
("You ask, 'What is our aim?' I can answer in one word: VICTORY - victory - at all costs...")
To: ReleaseTheHounds
Free to Choose has a chapter that everyone should read. He describes four scenarios for spending. The most inefficient is when someone else (like government) is spending another’s money for what they (government) wants. The most efficient is the individual spending for their own benefit. Other, intermediate scenarios are like when someone buys another a Christmas or Birthday present, they can be more inefficient, but that scenario is not as bad as the one where the spending is so detached from the individual.
The key is that collectivism destroys personal initiative. GO FIGURE
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